NASDAQ : ORRF

Orrstown Financial Services, Inc. — Financial statements

Financials · Banks - Regional · United States

Last price 43.92 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 863.93M

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Financial statements

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Interest Income on Loans257.18M256.63M210.29M126.59M93.53M84.23M
Interest Income on Investments45.89M47.10M38.65M23.30M15.13M9.47M
Total Interest Income303.06M303.73M248.93M149.90M108.65M93.69M
Interest Paid on Deposits87.53M92.34M84.23M37.51M6.34M4.20M
Interest Paid on Borrowings13.85M11.60M9.45M7.48M2.69M2.52M
Total Interest Expense101.38M103.94M93.68M44.99M9.02M6.72M
Net Interest Income201.69M199.79M155.25M104.91M99.63M86.97M
Trust Income16.49M14.97M11.50M7.69M7.63M7.90M
Mortgage Banking Activities1.48M1.80M1.83M591.00K407.00K5.91M
Gain (Loss) on Sale of Assets1.10M
Gain (Loss) on Sale of Investments165.00K166.00K249.00K-47.00K-160.00K638.00K
Gain (Loss) on Sale of Equity Investments-211.00K-211.00K-164.00K-322.00K-274.00K-272.00K
Other Non-Interest Income30.66M27.48M18.69M12.69M15.52M11.93M
Total Non-Interest Income57.18M52.31M37.44M25.65M26.95M29.15M
Revenues Before Loan Losses258.87M252.10M192.69M130.56M126.58M116.13M
Provision for Loan Losses1.81M26.00K16.55M1.68M4.19M1.09M
Revenue257.06M252.08M176.14M128.88M122.39M115.04M
Salaries and Employee Benefits82.75M80.16M67.86M48.63M45.85M42.05M
Federal Deposit Insurance2.49M2.83M2.68M1.96M1.08M816.00K
Amortization of Goodwill & Intangibles8.88M9.77M5.74M953.00K1.10M1.27M
Selling, General & Administrative37.67M37.29M36.89M22.84M22.98M21.45M
Other Non-Interest Expense18.02M16.68M11.72M8.40M8.60M8.54M
Total Non-Interest Expense149.08M146.73M124.89M82.78M79.62M74.14M
EBT Excluding Unusual Items107.98M105.34M51.25M46.09M42.77M40.90M
Legal Settlements-478.00K-13.00M
Pretax Income107.98M102.64M27.81M45.03M26.62M40.90M
Income Tax Expense20.71M21.78M5.76M9.37M4.58M8.01M
Net Income87.27M80.86M22.05M35.66M22.04M32.88M
Net Income to Common87.27M80.86M22.05M35.66M22.04M32.88M
Basic Shares Outstanding19.30M19.20M14.76M10.34M10.55M10.97M
Diluted Shares Outstanding19.43M19.36M14.91M10.44M10.71M11.11M
EPS (Basic)4.524.211.493.452.093.00
EPS (Diluted)4.494.181.483.422.062.96
Dividend Per Share1.171.060.860.800.760.74
Effective Tax Rate19.18%21.22%20.70%20.81%17.20%19.60%

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents125.65M149.77M248.87M65.16M60.82M208.71M
Investment Securities919.45M309.54M321.39M335.97M348.29M338.69M
Trading Asset Securities14.68M13.47M11.38M10.66M1.17M
Mortgage-Backed Securities654.10M518.32M180.15M167.54M136.35M
Total Investments919.45M978.32M853.19M527.50M526.49M476.21M
Gross Loans4.21B4.02B3.93B2.30B2.15B1.98B
Allowance for Loan Losses-46.77M-47.68M-48.69M-28.70M-25.18M-21.18M
Net Loans4.16B3.97B3.88B2.27B2.13B1.96B
Property, Plant & Equipment49.95M64.88M63.66M40.22M38.60M44.56M
Goodwill69.75M69.75M68.11M18.72M18.72M18.72M
Other Intangible Assets31.46M37.99M47.77M2.41M3.08M4.18M
Loans Held for Sale3.92M6.09M6.61M5.82M10.88M8.87M
Accrued Interest Receivable20.73M21.47M21.06M13.63M11.03M8.23M
Other Current Assets1.90M2.00M321.00K
Long-Term Deferred Tax Assets43.13M33.93M42.65M22.02M24.03M11.65M
Other Long-Term Assets281.61M207.03M205.26M99.15M100.71M94.30M
Total Assets5.71B5.54B5.44B3.06B2.92B2.83B
Interest Bearing Deposits3.69B3.51B3.56B2.05B1.95B1.87B
Institutional Deposits147.81M170.11M76.41M36.52M44.02M
Non-Interest Bearing Deposits896.07M870.91M894.18M430.96M494.13M553.24M
Total Deposits4.58B4.53B4.62B2.56B2.48B2.46B
Short-Term Borrowings254.09M113.44M120.75M133.27M24.06M
Current Portion of Long-Term Debt15.00M
Current Portion of Leases1.78M
Accrued Interest Payable3.50M2.92M2.56M457.00K154.00K
Long-Term Debt8.11M37.12M68.68M32.09M32.03M31.96M
Federal Home Loan Bank Debt, Long-Term417.25M60.00M25.00M40.00M1.46M1.90M
Long-Term Leases13.24M14.63M11.61M9.98M11.12M
Pension & Post-Retirement Benefits34.80M36.80M18.90M17.32M16.24M
Other Long-Term Liabilities94.77M17.41M25.34M14.45M22.77M12.55M
Total Liabilities5.10B4.95B4.92B2.80B2.69B2.56B
Common Stock1.03M1.03M1.03M583.00K584.00K586.00K
Additional Paid-In Capital422.96M424.60M423.27M189.03M189.26M189.69M
Retained Earnings234.89M186.75M126.54M117.67M92.47M78.70M
Treasury Stock-1.35M-5.64M-7.84M-13.74M-13.51M-1.77M
Comprehensive Income & Other-52.32M-15.20M-26.32M-28.48M-39.91M4.45M
Shareholders' Equity605.20M591.53M516.68M265.06M228.90M271.66M
Total Liabilities & Equity5.71B5.54B5.44B3.06B2.92B2.83B
Total Debt425.36M366.24M236.75M204.46M176.72M69.04M
Net Cash (Debt)-299.71M-201.79M25.60M-127.92M-105.25M140.84M
Net Cash Per Share-15.42-10.431.72-12.26-9.8312.68
Filing Date Shares Outstanding19.67M19.62M19.51M10.71M10.73M11.14M
Total Common Shares Outstanding19.67M19.51M19.39M10.61M10.67M11.18M
Book Value Per Share30.7730.3226.6524.9821.4524.29
Tangible Book Value503.99M483.79M400.81M243.92M207.09M248.75M
Tangible Book Value Per Share25.6224.8020.6722.9819.4122.24

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income80.86M22.05M35.66M22.04M32.88M
Depreciation & Amortization15.27M9.69M4.34M4.62M5.30M
Gain (Loss) on Sale of Assets-100.00K381.00K-1.29M1.83M-305.00K
Gain (Loss) on Sale of Investments-23.29M-13.05M2.46M2.17M-360.00K
Provision for Credit Losses26.00K16.55M1.68M4.19M1.09M
Net Decrease (Increase) in Loans Originated / Sold - Operating1.81M143.00K5.02M-5.42M6.93M
Accrued Interest Receivable5.43M-10.61M1.57M-4.17M-3.20M
Other Operating Activities1.81M-2.14M-2.50M-887.00K202.00K
Operating Cash Flow74.73M34.96M43.70M36.19M40.81M
Capital Expenditures-4.24M-1.58M-2.29M-895.00K-1.25M
Sale of Property, Plant and Equipment18.00K43.00K
Cash Acquisitions45.28M
Investment in Securities-104.73M2.98M10.56M-98.68M-6.93M
Income (Loss) Equity Investments-976.00K
Divestitures-17.64M
Net Decrease (Increase) in Loans Originated / Sold - Investing-69.56M26.76M-145.30M-168.16M1.78M
Other Investing Activities-5.64M-12.45M-1.15M-3.25M3.31M
Investing Cash Flow-181.96M60.99M-153.25M-270.99M-2.01M
Short-Term Debt Issued38.08M98.63M3.83M
Long-Term Debt Issued135.00M40.00M
Total Debt Issued173.08M40.00M98.63M3.83M
Short-Term Debt Repaid-14.37M-14.65M
Long-Term Debt Repaid-47.50M-1.46M-441.00K-56.15M
Total Debt Repaid-47.50M-14.37M-16.11M-441.00K-56.15M
Net Debt Issued (Repaid)125.58M-14.37M23.89M98.19M-52.31M
Issuance of Common Stock151.00K267.00K136.00K133.00K136.00K
Repurchase of Common Stock-2.27M-2.39M-2.96M-14.46M-2.38M
Common Dividends Paid-20.64M-13.18M-8.48M-8.26M-8.28M
Net Increase (Decrease) in Deposit Accounts-95.26M116.88M101.30M11.31M108.02M
Other Financing Activities571.00K545.00K-525.00K
Financing Cash Flow8.13M87.76M113.89M86.91M44.65M
Net Cash Flow-99.10M183.71M4.34M-147.89M83.45M
Free Cash Flow70.50M33.38M41.41M35.30M39.56M
Free Cash Flow Margin27.97%18.95%32.13%28.84%34.39%
Free Cash Flow Per Share3.642.243.973.303.56
Cash Interest Paid103.37M93.31M42.89M8.72M6.80M
Cash Income Tax Paid9.10M9.62M7.45M4.90M4.40M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization886.36M690.65M709.72M313.07M247.29M282.40M
Last Close Price43.9234.6234.6327.1220.5021.64
PE Ratio10.048.5432.198.7811.228.59
PS Ratio3.362.744.032.432.022.46
PB Ratio1.431.171.371.181.081.04
P/FCF Ratio10.089.8021.267.567.017.14
P/OCF Ratio9.849.2420.307.166.836.92
Debt / Equity Ratio0.700.620.460.770.770.25
Debt / FCF Ratio5.207.094.945.011.75
Net Debt / Equity Ratio0.490.34-0.050.480.46-0.52
Net Debt / FCF Ratio2.86-0.773.092.98-3.56
Return on Equity (ROE)14.83%14.59%5.64%14.44%8.80%12.70%
Return on Assets (ROA)1.56%1.47%0.52%1.19%0.77%1.18%
Earnings Yield9.96%11.71%3.11%11.39%8.91%11.64%
FCF Yield9.92%10.21%4.70%13.23%14.27%14.01%
Dividend Yield2.66%2.99%2.35%2.71%3.28%2.93%
Payout Ratio26.73%25.53%59.76%23.79%37.50%25.18%
Buyback Yield / Dilution-0.47%-29.78%-42.92%2.53%3.60%-0.65%
Total Shareholder Return2.26%-26.78%-40.57%5.24%6.88%2.28%